Fpi Management, Inc. 401(k) Review & Grade
Fpi Management, Inc. 401(k) Plan
Folsom, CAReal Estate & Rental3,930 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2Employer $ per active participant
$815Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$23.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.0 / 500th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 0th |
| Lower admin cost | 62th |
| Employee saving | 8th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Fpi Management put in about $2 per active participant, below the typical peer ($1,141). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $7,984 |
| Participant (employee) contributions | $3,203,352 |
| Other contributions (incl. rollovers in) | $851,622 |
| Administrative expenses paid from the plan | $18,011 |
| Investment advisory & management fees | $18,011 |
| Benefits paid out | $2,509,292 |
| Net assets, start / end of year | $19.1M / $23.2M |
| Active participants, start / end of year | 3,914 / 3,945 |
| Participants with account balances | 1,383 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| LPL Financial Llc-Rpcp | $48,476 reported compensation |
| Cetera Retirement Plan Specialists | $21,600 reported compensation |
| Iron Fiduciary | $8,080 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922103918NAL0005093489001, received 2025-09-22, EIN 68-0217638, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.